This Perfect Competition in the Short Run video also includes:
What exactly is perfect competition, one of the four market structures, in economics?
20 Views 9 Downloads CCSS: Adaptable
- Appropriate for a higher-level or advanced placement class
- Learners should be familiar with marginal cost curves
- Illustrates process of drawing market/industry graph and that of an individual firm
- Offers interactive process for viewers, who are prompted to pause the video to practice calculating total revenue, cost, and profit